Claims
TORONTO – Canadian building standards should theoretically prevent the sort of blaze that engulfed a London apartment tower earlier this week, but at least one expert says flouting those regulations can put people in serious danger. Exterior panelling known as cladding that was recently installed on the 24-storey Grenfell Tower is increasingly being cited as […]
By Jason Contant | June 16, 2017
4 min read
A coal mining company that fired an employee who tested positive for cocaine after an accident did not violate the Alberta Human Rights Act, the Supreme Court of Canada ruled in a divided decision released Thursday. Court records indicate that Ian Stewart, then an employee of Elk Valley Coal Corporation, was operating a loader truck […]
By Canadian Underwriter | June 16, 2017
The number of homeowners insurance claims from lightning strikes and electrical surges in the United States rose in 2016, compared with 2015, but the average cost that insurers paid on those claims fell, according to a new analysis by the Insurance Information Institute (I.I.I.). The New York City-based I.I.I., a non-profit, communications organization supported by […]
2 min read
LONDON – The official cause may not be known for months. The death toll is unclear – and rising. No one has said exactly where the fire started. But experts suspect recent renovations at the Grenfell Tower, including newly installed external cladding, played a tragic role in spreading the fire so quickly. A look at […]
By Jason Contant | June 15, 2017
KAMLOOPS, B.C. – Fire has heavily damaged a dairy operation in Kamloops, British Columbia, that processes milk from farmers across the North Thompson and Shuswap Okanagan. Fire officials say the main production facility at Blackwell Dairy was destroyed in the late-night blaze. Kamloops Fire and Rescue Capt. Jeff Bell says crews were met by towering […]
By Canadian Underwriter | June 15, 2017
1 min read
The Supreme Court of Canada has rejected an argument by Insurance Bureau of Canada that a court should not award damages for psychological or emotional damage unless the plaintiff demonstrates the tort caused a “recognizable psychiatric illness.” In a recent unanimous ruling in favour of former truck driver Mohsen Saadati, Canada’s highest court suggested that […]
By Canadian Underwriter | June 14, 2017
LONDON – A deadly overnight fire raced through a 24-story apartment tower in London on Wednesday, killing at least six people and injuring 74 others. One desperate woman threw a baby out of a high window and a man on the ground managed to catch the child, a witness said. Flames from the inferno lit […]
By Jason Contant | June 14, 2017
Allianz Risk Transfer AG (ART) and Nephila Capital Limited report successfully piloting the use of blockchain smart contract technology for transacting a natural catastrophe swap, an approach they suggest offers benefits for this and other types of insurance transactions. The pilot – one of several test applications Allianz Group’s disruptive technologies division has undertaken to […]
3 min read
OTTAWA – Canada’s interconnected banks are vulnerable to a cascading series of cyberattacks that could undermine broad confidence in the financial system, the Bank of Canada warns. The structural vulnerability could allow for the easy spread of an initial attack that ripples into other sectors such as energy or water systems, says the bank’s June […]
By Jason Contant | June 13, 2017
The Supreme Court of Canada announced Friday it will not hear an appeal from a political commentator and lawyer who was successfully sued for $80,000 for calling a person a liar in blog posts. In 2014, a judge with the Ontario Superior Court of Justice awarded Khurrum Awan $50,000 in general damages and $30,000 in […]
By Canadian Underwriter | June 13, 2017
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